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Litecoin Market Cap Soars 46% Thanks to ETF Hype in the US

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Litecoin Market Cap Soars 46% Thanks to ETF Hype in the US

Altcoins News 8 min read

Litecoin Market Cap Soars 46% Thanks to ETF Hype in the US

Friday, February 21, 2025

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Litecoin's (LTC) market cap has seen a significant surge of 46% since February 2 to February 19, 2025. This increase reflects the growing interest of investors, along with the efforts of Exchange-Traded Fund (ETF) issuers to list Litecoin spot ETF products in the United States.

According to data from Santiment on Friday (21/2/2025), Litecoin's market capitalization growth was driven by the increasing utility of its increasingly strong network. Over the past week, Litecoin has processed transactions worth US$9.6 billion per day, indicating a significant increase in activity.

In comparison, Litecoin's daily transaction volume was only around US$2.8 billion at the end of August 2024. This is a spike of up to 243% in the past five months.

Not only that, the price of Litecoin has also doubled since early November, outpacing the growth of the overall crypto market which only recorded a 42% increase in the same period.

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